CCIV LAWSUIT FILED: Jakubowitz Law Pursues Claims on Behalf of Churchill Capital Corp IV Shareholders

New York, New York--(Newsfile Corp. - July 2, 2021) - Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Churchill Capital Corp IV (NYSE: CCIV).

CLICK HERE FOR MORE DETAILS:

https://claimyourloss.com/securities/churchill-capital-corp-iv-loss-submission-form/?id=17344&from=5

Affected shareholders purchased shares of CCIV between January 11, 2021 and February 22, 2021

Shareholders interested in representing the class of wronged shareholders have until August 30, 2021 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, Churchill Capital Corp IV issued materially false and/or misleading statements and/or failed to disclose that: (1) Lucid was not prepared to deliver vehicles by spring of 2021; (2) Lucid was projecting a production of 557 vehicles in 2021 instead of the 6,000 vehicles touted in the run-up to the merger with Churchill; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89290